Cut my loss and covered my short position this morning. I am glad I did, cos the NZD is trending up.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
I am glade I covered my short yesterday morning even thou i made a lost. Learnt a good lesson.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
hay good going Peat did you collect on the retrace?
i missed because i had a 20 point stop from 5118 so was stopped out i was risking 20 to make 40
cheers
nah i got stopped too Roddy....kiwi always tempts and rarely gives - never mind its been a pretty good week overall - i'm not complaining to the forex gods.
Cut my loss and covered my short position this morning. I am glad I did, cos the NZD is trending up.
Actually may be to do with the fact that the NZ economy is less negative than other countries and the Govt policy got a good write up in the WSJ and the Australian. 3% is also pretty high. still Bollard should have gone to 2.5% No point is waiting really. Still he is unsure of giving impetus to a dead cat bounce i guess
Reply With Quote
Originally Posted by roddy
Bookmarks